MGXIX vs. CONWX
MGXIX (MainStay Equity Allocation Fund) and CONWX (Concorde Wealth Management Fund) are both Diversified Portfolio funds. Over the past 10 years, MGXIX returned 10.26%/yr vs 8.14%/yr for CONWX. Their correlation of 0.80 suggests significant overlap in exposure. MGXIX charges 0.12%/yr vs 1.41%/yr for CONWX.
Performance
MGXIX vs. CONWX - Performance Comparison
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Returns By Period
In the year-to-date period, MGXIX achieves a 12.27% return, which is significantly higher than CONWX's 5.52% return. Over the past 10 years, MGXIX has outperformed CONWX with an annualized return of 10.26%, while CONWX has yielded a comparatively lower 8.14% annualized return.
MGXIX
- 1D
- 1.10%
- 1M
- 2.17%
- YTD
- 12.27%
- 6M
- 11.47%
- 1Y
- 26.00%
- 3Y*
- 15.57%
- 5Y*
- 8.64%
- 10Y*
- 10.26%
CONWX
- 1D
- -0.10%
- 1M
- -2.13%
- YTD
- 5.52%
- 6M
- 5.14%
- 1Y
- 13.72%
- 3Y*
- 11.41%
- 5Y*
- 6.54%
- 10Y*
- 8.14%
MGXIX vs. CONWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGXIX MainStay Equity Allocation Fund | 12.27% | 14.31% | 11.47% | 17.67% | -17.08% | 20.76% | 15.71% | 24.59% | -13.47% | 18.74% |
CONWX Concorde Wealth Management Fund | 5.52% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -1.95% | 7.17% |
Correlation
The correlation between MGXIX and CONWX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.80 |
Over the past year, the correlation between MGXIX and CONWX has dropped to 0.46 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
MGXIX vs. CONWX — Risk / Return Rank
MGXIX
CONWX
MGXIX vs. CONWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MainStay Equity Allocation Fund (MGXIX) and Concorde Wealth Management Fund (CONWX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MGXIX | CONWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.12 | -0.36 |
| Martin ratioReturn relative to average drawdown | 12.09 | 9.37 | +2.72 |
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Drawdowns
MGXIX vs. CONWX - Drawdown Comparison
The maximum MGXIX drawdown since its inception was -53.45%, which is greater than CONWX's maximum drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for MGXIX and CONWX.
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Drawdown Indicators
| MGXIX | CONWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.45% | -26.09% | -27.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -4.44% | -4.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.23% | -9.86% | -8.37% |
Max Drawdown (5Y)Largest decline over 5 years | -25.63% | -12.49% | -13.14% |
Max Drawdown (10Y)Largest decline over 10 years | -34.63% | -26.09% | -8.54% |
Current DrawdownCurrent decline from peak | -0.20% | -4.44% | +4.24% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -2.78% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 1.47% | +0.65% |
Volatility
MGXIX vs. CONWX - Volatility Comparison
MainStay Equity Allocation Fund (MGXIX) has a higher volatility of 4.76% compared to Concorde Wealth Management Fund (CONWX) at 1.97%. This indicates that MGXIX's price experiences larger fluctuations and is considered to be riskier than CONWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MGXIX | CONWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 1.97% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 5.23% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 7.11% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.80% | 10.20% | +5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 11.10% | +6.06% |
MGXIX vs. CONWX - Expense Ratio Comparison
MGXIX has a 0.12% expense ratio, which is lower than CONWX's 1.41% expense ratio.
Dividends
MGXIX vs. CONWX - Dividend Comparison
MGXIX's dividend yield for the trailing twelve months is around 5.45%, more than CONWX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 3.49% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% | 0.00% | 0.00% |
MGXIX MainStay Equity Allocation Fund | 5.45% | 6.12% | 6.68% | 0.00% | 11.02% | 12.58% | 4.97% | 5.52% | 12.44% | 3.42% | 2.90% | 5.94% |
Frequently Asked Questions
MGXIX and CONWX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MGXIX has higher volatility (4.76%) compared to CONWX (1.97%). In terms of maximum drawdown, MGXIX dropped -53.45% vs CONWX's -26.09%.
MGXIX currently has the higher Sharpe Ratio (2.04 vs 1.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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